Saturday, 1 March 2014

Daily Index Cycle update

US equities closed somewhat mixed, with the sp +5pts @ 1859. The two leaders - Trans/R2K, settled +0.4% and -0.4% respectively. Near term outlook is broadly bullish into mid/late March. with a primary target of sp'1880/1920.





The late afternoon price action sure was pretty wild, but overall, it does little to dent the general up trend. Indeed, as we approach a key intermediate'3 top, I do expect somewhat increased intra-day swings.

Closing update from Riley

a little more later...